MD_DA431
DA
MD DA431 BUTTER - CENTRAL 

MADISON, WI.  January 14, 2015 (Report 2)

CENTRAL BUTTER

Cream continues to be readily available within and from other regions 
at advantageous pricing for butter churn operators. A few 
manufacturers elected to sell some cream spot loads. Butter production 
remains strong with some plants running full schedules. Print sales 
have slowed, but continue at levels that are limiting stock building. 
Export orders are picking up. The market tone is steady. Bulk butter 
is moving in and out of the region as prices are ranging from market 
to 6 cents over the market, with various time frames and averages 
used. Wednesday at the CME Group, Grade AA butter closed at $1.5425, 
up $0.0025 from last Wednesday. This week, a cooperative export 
assistance program accepted requests for 11.7 million pounds of 
butter. According to FAS, January-November U.S. butter exports total 
150.6 million pounds, 16% below last year during the same time span. 
  
       2014 U.S. Butter and Milkfat Exports, (USDA-FAS)
                 (Million Lb.)     % Change From
                                   1 Year Ago
                              
November Total       6.4             -   68

Total, Jan - Nov   150.6             -   16

1 Saudi Arabia      33.0             -   17
2 Morocco           18.1             +   13
3 Iran              16.9             -   24
4 Egypt             10.5             -   15
5 Mexico            10.0             +   71 


1500CT Ryan.Studnicka@ams.usda.gov 608-278-4155 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home